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The graph shows the market for public education where there exists an external benefit. Price and cost (thousands of dollars per student) 20 .. .

The graph shows the market for public education where there exists an external benefit.

Price and cost (thousands of dollars per student) 20 .. . . S = MC 16 12 8 D = MSB 4 MB O 2 4 6 8 10 Quantity (millions of students per year)

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